DrStool Posted July 27, 2022 Report Share Posted July 27, 2022 For the story behind that headline, see: The Bond Rally That Fooled The Majority And Didn’t Help Dealers Meanwhile, check out the dreaded Codpiece Pattern, on the hourly chart of the ES continuous 24 hour S&P fugutures. Truly frightening as the market awaits the pronouncement from of Lord Jaysus on Mt. Smellarat. There are more criscrossing channels there than a basket weaving class. And anything that happens before the Jerome Lying Through His Teeth center ring show this afternoon is meaningless anyway. I'm going to head out for the day. Wait till tomorrow! To understand, and profit from the big picture check out the following. The Bond Rally That Fooled The Majority And Didn’t Help Dealers July 27, 2022 Swing Trade Screens – Surprise, Surprise – A Few Shorts July 25, 2022 Gonna Take You Higher, But Not Too Much July 25, 2022 Catch a Falling Knife July 19, 2022 Survive the Meat Grinder and Market Will Gladly Pay Us Back on Tuesday July 18, 2022 As Good As it Gets, Before the End of Time July 18, 2022 Are the Fed and Treasury Geniuses, or Just Lucky? Part One July 12, 2022 Recession? What Recession? July 5, 2022 Stocks Are Even More “Dover Sole” Versus Liquidity June 28, 2022 If you're serious about the underlying forces of supply and demand that drive the markets, join me! If you are a new visitor to the Stool, please register and join in! To post your observations and charts, and snide, but good-natured, comments, click here to register. Be sure to respond to the confirmation email which is sent instantly. If not in your inbox, check your spam filter. Link to comment Share on other sites More sharing options...
fxfox Posted July 27, 2022 Report Share Posted July 27, 2022 With a little time lag Home Sales and Pending Home Sales data got worse than expected, exactly like Doc predicted. 😇 Link to comment Share on other sites More sharing options...
fxfox Posted July 27, 2022 Report Share Posted July 27, 2022 I see the upmove from the June low as a technical one. They simply did buy the 200 week/50 month EMA in SPX, NDX, SOX… They always did that since 2009. It always worked. Will it work in the current environment? Could be, if the FED reverses course immediately. Will they? Link to comment Share on other sites More sharing options...
Jimi Posted July 27, 2022 Report Share Posted July 27, 2022 Should one fade the fade of the immediate reaction? Or are The Them fading that? Link to comment Share on other sites More sharing options...
Jimi Posted July 27, 2022 Report Share Posted July 27, 2022 We are so fortunate to have a Federal Reserve bank working diligently on behalf of us common 'mericans. I shudder at the thought of what our society might be like if they worked only on behalf of the 1%. Link to comment Share on other sites More sharing options...
DrStool Posted July 27, 2022 Author Report Share Posted July 27, 2022 They shoulda done 100. Link to comment Share on other sites More sharing options...
DrStool Posted July 27, 2022 Author Report Share Posted July 27, 2022 Link to comment Share on other sites More sharing options...
Jimi Posted July 27, 2022 Report Share Posted July 27, 2022 Remember: Chairman Powell's press availability is all about him presenting sexual innuendo carefully disguised as monetary policy-speak. Link to comment Share on other sites More sharing options...
DrStool Posted July 27, 2022 Author Report Share Posted July 27, 2022 Pervy stuff there, Jimmah. Link to comment Share on other sites More sharing options...
DrStool Posted July 27, 2022 Author Report Share Posted July 27, 2022 Absolutely no reaction in the 10 year. It's all how beez ah. How beez ah. Link to comment Share on other sites More sharing options...
Jimi Posted July 27, 2022 Report Share Posted July 27, 2022 3 minutes ago, DrStool said: Pervy stuff there, Jimmah. He's the perv! He's the one who talks dirty in public! I mean, he just said they want to use their tools to confront wide spread challenges. Link to comment Share on other sites More sharing options...
DrStool Posted July 27, 2022 Author Report Share Posted July 27, 2022 I'm not listening. Link to comment Share on other sites More sharing options...
DrStool Posted July 27, 2022 Author Report Share Posted July 27, 2022 GoT DAMN! They broke out of the Codpiece Pattern. Link to comment Share on other sites More sharing options...
Jimi Posted July 27, 2022 Report Share Posted July 27, 2022 Powell's dirty talk provoking the dreaded green-boner pattern on the S&P 30m candle. Link to comment Share on other sites More sharing options...
fxfox Posted July 27, 2022 Report Share Posted July 27, 2022 46 minutes ago, DrStool said: They shoulda done 100. definitely. But they will go on with reducing the balance sheet, I think he even said „substantially reducing“. Just a few secs ago he said that they will go on as planned with reduction, means that they will reduce MORE from September on AND he said that he is pretty confident and sure that the market will absorb this (sic!!!!). Link to comment Share on other sites More sharing options...
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